OPINION

Are Zimbabwe economic growth rates real?

Every year, the Zimbabwean government and multilateral financial institutions project that the economy will grow by huge margins, yet the current economic situation does not meaningfully change, and ...

ZIMBABWE

AfDB projects 6% economic growth for Zimbabwe

The African Development Bank (AfDB) has projected that Zimbabwe is on track to achieve a six percent economic growth rate this year, supported by stability and recovery across key productive sectors.A...

INDUSTRIALS & ENERGY

Beverage makers say 35% RBZ rate hampers growth

Zimbabwe's beverage industry has raised concerns over the Reserve Bank of Zimbabwe's (RBZ) decision to maintain the bank policy rate at 35% per annum, saying the high interest rate is constraining gr...

TELECOMS & TECHNOLOGY

NetOne posts record growth

State-owned mobile network operator NetOne has delivered a historic performance, posting record revenue and profit growth while aggressively expanding its high-speed 4G and 5G networks in a bold push ...

ECONOMC INDICATORS

Zimbabwe slashes mining growth forecast

Zimbabwe has revised its mining sector growth forecast downward for 2025, citing a sharp drop in global prices for key minerals including platinum group metals (PGMs) and lithium, Finance Minister Mth...

AMERICAS

Gates launches plan to reduce population growth in Africa

The Gates Foundation is set to introduce a contraceptive in Kenya and other African countries, a hormonal intrauterine device (IUD) capable of preventing pregnancy for up to eight years.This marks th...

BUSINESS NEWS

Zimbabwe revises upwards agric sector growth to 21.1%

The government has sharply revised upwards its projected growth for the agricultural sector to 21.1% in 2025, up from an earlier forecast of 12.8%, largely due to the positive impact of the La Nina we...

BUSINESS NEWS

Zimbabwe retailers bank on 6% economic growth

The Confederation of Zimbabwe Retailers (CZR) says it expects consumer spending to rise this year, buoyed by the government's projected 6% economic growth, despite continued pressure on household inco...

BUSINESS NEWS

Zimbabwe's manufacturing growth target missed

The Zimbabwe National Industrial Development Policy (ZNIDP) 1, aimed at growing the manufacturing sector by at least 2% annually, has failed to meet its target due to ongoing macroeconomic instability...

Zimbabwe on track for 6% growth

Zimbabwe is on track to achieve a forecasted 6% economic growth in 2025 helped by good agricultural output and strong commodity prices, Finance Minister Mthuli Ncube said on Thursday.The Southern Afri...

CONSTRUCTION & PROPERTY

Growth prospects shine in Zimbabwe's construction markets

Construction markets in Zimbabwe and South Africa are expected to maintain a strong growth trajectory, creating favorable conditions for companies like PPC to enhance their competitiveness against imp...

CONSTRUCTION & PROPERTY

Construction boom in Zimbabwe spurs growth for PPC

The construction sectors in Zimbabwe and South Africa are showing strong signs of sustained growth, creating favourable conditions for companies like Pretoria Portland Cement (PPC) to increase competi...

BUSINESS NEWS

Outdated policies hindering SMEs growth in Zimbabwe

There is growing urgency for Zimbabwe to overhaul its legal and policy framework governing small and medium enterprises (SMEs) to protect them from the looming threat of regional competition, particul...

ZIMBABWE

Securities firm tips 'agile stocks' for growth

Securities firm IH Securities has projected that agile and adaptive companies on the Zimbabwe Stock Exchange (ZSE) will outperform their peers, as the local bourse continues to respond to volatile mon...

BUSINESS NEWS

Sunway City targets 70% growth in five years

Sunway City, one of Zimbabwe's flagship special economic zones (SEZs) and a major smart city development project, is aiming to reach at least 70 percent completion within the next five years as part o...

TELECOMS & TECHNOLOGY

NetOne records growth in market share

STATE owned mobile network operator, NetOne's revenue market share grew by 1.1% at a time when the company has managed to recover from a loss position.This is according to the Postal and Telecommunica...

TELECOMS & TECHNOLOGY

Telecoms sector posts revenue growth

Zimbabwe's telecommunications sector registered growth in revenues for the quarter ending June 30, 2019, mainly on the back of upward tariff reviews as economic headwinds persisted. The sector, like a...

BUSINESS NEWS

Money supply growth accelerates in June

The Reserve Bank of Zimbabwe (RBZ) released its monthly economic review for June detailing monetary statistics for the 2019 half year. The report comes in the build up to Governor Dr. John Mangudya's ...

OPINION

Online shopping: why its unstoppable growth may be coming to an end

Many people probably assume that online stores are making a fortune, without all the costly bricks and mortar. But the reality is rather different.Many ecommerce activities are, in fact, unprofitable;...

BUSINESS NEWS

Mthuli Ncube says 'TSP reforms led to growth'

Implementation of reforms under the Transitional Stabilisation Programme (TSP) has averted the economy from being weakened by adverse exogenous factors, Finance and Economic Development Minister Profe...

ZIMBABWE

Capital markets poised for growth in 2019

SecZim says it is optimistic that the capital markets will perform exceptionally well this year, despite economic headwinds. Zimbabwe is facing its economic crisis in a decade as shown by increasing f...

LANDS & AGRICULTURE

Pork industry records 20% growth

THE number of slaughtered pigs increased by nearly 20% in 2018 compared to the previous year, but the sector remained heavily constrained by high costs of feed and veterinary medicines, an official ha...

TELECOMS & TECHNOLOGY

Zimbabwe telecoms sector on growth path, revenues exceed $1billion

Zimbabwe's telecoms sector generated revenue in excess of $1 billion and contributed 7,2 % to the country's gross domestic product (GDP) in 2017, the industry regulator has said.Postal and Telecommuni...

TRANSPORT & TOURISM

Bulawayo gears for tourism growth

PLAYERS in Bulawayo's tourism industry in collaboration with the Zimbabwe Tourism Authority (ZTA) have embarked on an aggressive awareness programme to market tourism products in the city.The initiati...

ECONOMC INDICATORS

'Zim GDP growth to go up by 15% next year'

Zimbabwe's economy will register a significant Gross Domestic Product (GDP) growth of 6,5% this year, before shooting to 15% next year, should next week's elections be credible, with a clear winner, a...